MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober Sells 2,250 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 2,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the transaction, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at $6,405,501.51. The trade was a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Kober also recently made the following trade(s):

• On Wednesday, November 20th, John Kober sold 19,470 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $126.88, for a total value of $2,470,353.60.
• On Tuesday, October 29th, John Kober sold 2,671 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $117.47, for a total value of $313,762.37.

MACOM Technology Solutions Stock Up 0.1 %

Shares of NASDAQ:MTSI opened at $135.55 on Thursday. The firm has a market capitalization of $9.81 billion, a PE ratio of 131.60, a price-to-earnings-growth ratio of 2.43 and a beta of 1.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $143.90. The firm has a fifty day moving average of $132.33 and a 200 day moving average of $116.07.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of MTSI. Fulton Bank N.A. raised its holdings in shares of MACOM Technology Solutions by 7.7% during the 4th quarter. Fulton Bank N.A. now owns 5,281 shares of the semiconductor company’s stock valued at $686,000 after buying an additional 377 shares in the last quarter. Everence Capital Management Inc. bought a new position in MACOM Technology Solutions during the fourth quarter valued at approximately $201,000. GAMMA Investing LLC grew its position in MACOM Technology Solutions by 42.5% during the fourth quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company’s stock valued at $152,000 after acquiring an additional 349 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of MACOM Technology Solutions by 2.6% during the third quarter. Retirement Systems of Alabama now owns 99,555 shares of the semiconductor company’s stock worth $11,076,000 after acquiring an additional 2,517 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of MACOM Technology Solutions by 16.8% in the 3rd quarter. Tidal Investments LLC now owns 15,071 shares of the semiconductor company’s stock worth $1,677,000 after acquiring an additional 2,169 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on MTSI. Benchmark raised their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler boosted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Northland Securities lifted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.